Overall Technical outlook

Price Summary

Chennai Petroleum Corporation Limited's shares increased 3.53% today, reflecting a fantastic day on the market.
Chennai Petroleum Corporation Limited's stock started trading at 835.0 on 2026-02-02, climbed to 870.0, fell to 828.1, and closed 3.53% up at 864.45, with 1095036 shares traded.
In the past year, the highest stock price was 1096.55, and the lowest was 451.6.

Technicals

Support and Resistance: The current price sits at 864.45, supported at 859.95 and capped by resistance at 859.95. These levels define a range for CHENNPETRO where the price might stabilize, with 859.95 as a floor and 859.95 as a ceiling.
CHENNPETRO supportResistance b2c472
Support/Resistance for CHENNPETRO


Aroon: The AROON is in a neutral stance, not pointing to a clear trend in either direction. This suggests that the market may be lacking strong momentum, making it difficult to predict the next move.
CHENNPETRO aroon b2c472
Aroon chart for Chennai Petroleum Corporation Limited


Bol. Bands: The BOLL BANDS is currently in a neutral position for Chennai Petroleum Corporation Limited, offering no clear guidance on whether the market is likely to move up or down. This neutral stance suggests that further observation may be necessary before a trend becomes apparent.
CHENNPETRO bbands b2c472
Bolinger Bands chart for Chennai Petroleum Corporation Limited


Parabolic SAR: The PSAR remains bullish, setting a critical support level that may help sustain the market's upward trend. This persistent bullish outlook suggests that the market is likely to continue climbing, with the support level offering a foundation for further growth.
CHENNPETRO psar b2c472
Parabolic Stop and Reverse chart for Chennai Petroleum Corporation Limited


Stochastic: CHENNPETRO's stochastic indicator reflects a bullish trend, with the K-line positioned above the D-line and surpassing the 80 threshold. This setup suggests strong upward momentum, indicating that the market may continue to rise. Investors could interpret this as a positive signal for further gains.
CHENNPETRO stoch b2c472
Stochastic chart for Chennai Petroleum Corporation Limited


Tripple Moving Agerage: The Tripple MOVING AVG is currently neutral, showing no clear bias toward a rising or falling trend. This lack of directional clarity suggests that the market may be in a holding pattern, awaiting further developments.
CHENNPETRO trippleSMA b2c472
Tripple SMA chart for Chennai Petroleum Corporation Limited


A thorough analysis of a company involves looking beyond its stock price movements and trading patterns. You must also examine its fundamentals, which include profitability, growth prospects, and competitive advantages. Additionally, the industry in which the company operates provides important context, as factors like technological innovations, regulation, and market demand influence performance. By integrating this information with technical analysis, more accurate predictions about the company's future can be made.